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20110726
20110726
Search Results 0 to 5 of about 6 (some duplicates have been removed)
savings on the mandatory side and savings from winding down the war in iraq and afghanistan. these are savings that cbo scores of about a trillion dollars, that cbo scoring them at a trillion dollars. now we know some republicans will quibble over the savings but they have no leg to stand on. though war is the second-biggest policy driver of the deficit after the bush tax cuts. if conducting the war ads to the debt, it is undeniable winding down the war deliver savings. the administration tells us with the wind down their putting in place in the iraq and afghanistan, they can prosecute the war on about $630 billion over the next decade. cbo, however, assumes 1.67 trillion in war funding for 2021. by adopting the administration's lower number, we can save over a trillion. we know the republicans agree with this because they included the exact same savings in the wrong and budget that passed the house. i never criticized such accounting then and it's hard to see how they could do so now. last, senator reid's proposal allows a joint committee that has the potential to achieve e
in afghanistan and iraq and not really cutting the deficit. we're boring 40 cents on the dollar for every dollar that we spend in washington. and we cannot keep doing this. one thing i like to see is the repeal of obamacare. that alone would save us $2.5 trillion in the next 10 years. as far as the reid plan, i like to see him get it through the senate. i did not think that it would pass. host: couple we go to an independent in michigan, here is what the "new york times calls " says this morning. go ahead. caller: i called my representative yesterday and asked him to work with the president to compromise and make sure that the debt ceiling is raised over into 2013. this is destroying our economy. host: where do you see compromise? caller: th reid plan has cuts and take this off the table until 2013. i think that that makes sense. host: so you do not agree with republicans on this. caller: i do not. there is trillions of dollars being cut. let's take this and we don't want to make this something that the rest of the world is going to use against us. our dollar is worth nothing in the last 10 year
these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so many years of tax cuts that have tilted far more t
ten years and the expected savings from the drawdown from the wars in iraq and afghanistan is how they are calculating what they can save and the republicans are not happy about that and that is where the divide is. the real fight right now is trying to see where the winds are blowing with what is called the boehner plan. we don't know exactly when that vote will be taken, because there is a lot of head counting going on and maybe some arm twisting, too, to figure out if they can get it through. should it not pass, we are into another whole scenario of what to do next. >> kelly o'donnell on capitol hill. thanks. we want to bring in kristen welker at the white house. kristen, jay carney, the white house press secretary says that he does not believe that the default will happen. as we hear from the two sides both agreeing that the debt limit needs to be raised, it is inevitab inevitable. >> it is the one thing that all sides can agree on here, and you are right, the press secretary jay carney says he has complete faith that the debt ceiling will be raised by next week, but the big q
their lives in the service of our nation in iraq and afghanistan and their families and of all who serve in our armed forces and their families. the chair: without objection, two-minute voting will continue. the unfinished business is the request for a railroaded -- vord -- recorded vote on amendment number 2 by the gentleman from illinois, mr. rush, on which further proceedings were postponed, on which the noes prevailed by voice vote. the clerk will redesignate the amendment. the clerk: amendment number 2 printed in house report 112-181, offered by mr. rush of illinois. the chair: a recorded vote has been requested. a sufficient number having risen, a recorded vote is ordered. this will be a two-minute vote, followed by a series of additional two-minute votes. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chair: on this vote, the ye
Search Results 0 to 5 of about 6 (some duplicates have been removed)